Motive TV at risk of market inquiry over court case

An AIM-listed software company could be in breach of market regulations if a judge decides tomorrow that a legal dispute with its largest shareholder can proceed.

If an eventual trial goes against Motive Television it could result in a settlement almost as large as the company’s market valuation.

Motive, which develops software for the broadcasting industry, has been engaged in a legal battle with its largest shareholder, Andre Vanyi-Robin, for the past six months after it terminated his employment contract last year.

The situation comes to a head tomorrow when a judge will decide whether Mr Vanyi-Robin’s claims are baseless, as the company has argued.

Motive has not informed the market about the litigation with Mr Vanyi-Robin, who owns more than 8 per cent of…